For sale · MLS® 1305218
48 Topsail Pond Road
Paradise, NL, A1L2B3
List price
$399,900
About this propertyMLS® 1305218
A rare opportunity to combine business, residential living, and investment potential in one unique property! This versatile property offers a fully equipped automotive garage alongside a single-family dwelling, making it an ideal opportunity for an automotive professional, entrepreneur, or investor. The garage comes equipped with a vehicle lift, tire changer, tire balancer, and workbench, providing an excellent setup for automotive operations. The existing business approval is transferable to a new owner, provided the operation remains unchanged, with approved business hours of Monday to Friday, 8:00 AM to 5:00 PM. The single-family dwelling offers the flexibility to live on-site or generate additional income through rental opportunities. Situated in a beautiful area, this property presents a unique chance to own and operate an established-use automotive facility while enjoying the added benefits of residential living or investment income. A fantastic opportunity for the right buyer! (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
The neighbourhood
Paradise at a glance
Live market stats for Paradise — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
154
Median list price
$519k
Price range
$125k – $6M
Typical build
2013
Average size
2,613 sqft
Where Paradise listings are priced
Every active list price in Paradise, grouped into bands.
List price, thousands of $ · 151 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 3 |
| 200–300 | 8 |
| 300–400 | 18 |
| 400–500 | 41 |
| 500–750 | 63 |
| 750–1M | 12 |
| 1M+ | 6 |
How Paradise compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Flood (100-yr)
outside the mapped floodplain
Elevation
101 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 6:00 p.m.
Property tax
$2,294 / year
≈ $191 / month
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
10 places shown · 3 routes · OpenStreetMap · OSRM
- 23 min to downtown St. John's20.1 km
- 19 min to Memorial University16.6 km
- 24 min to Avalon Mall23.4 km
Schools 6
Groceries 1
Parks 3
Cost & context
What this home really costs
Winter heat, five years of ownership, how this price sits against the market, and what the map says is within walking distance — every figure captioned with its assumptions.
Winter warmer
Jan–Mar · estimate
$250/mo
Est. winter heating (heat pump electricity) — about $750 for January through March.
Estimate — not an appraisal. heat pump electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 2,880 sqft. Severity 1.00× St. John's from the ST JOHN'S A station 1981–2010 normal. Jan–Mar only; excludes HST, hot water, cooking and any cooling.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $133,708
Closing costs + five years of running costs + 60 mortgage payments on a $399,900 home.
If rates rise 2 points
$22,848 more over five years if the rate is 6.44% instead of 4.44% — P&I only.
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$1,698
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$79,980
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,500
- Property taxfrom the feed$2,294
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $24,470
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $2,099 | $153,591 | needs mortgage insurance (not modelled) |
| 10% | $1,988 | $146,964 | needs mortgage insurance (not modelled) |
| 20% | $1,767 | $133,708 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-06), 25-year amortization, P&I only. Land transfer fee: Registry of Deeds schedule ($100 + $0.40/$100 over $500, cap $5,000). Legal $1,500 and insurance $1,100/yr (NL range $700–$1,500) are estimates. Heating is 2× the Jan–Mar winter estimate. 5-year all-in = closing costs + 5 years of running costs + 60 mortgage payments; it excludes CMHC insurance (needed below 20% down), utilities other than heat, and maintenance.
Rate time machine
same house · same down payment
Same house, same down payment — your payment today at 4.44%best market rate · posted was 6.19%
- Today, best market rate2026-11-06 · 4.44%$1,767/mo
- Today, posted2026-11-04 · 6.19%$2,099/mo
- 5 years ago2021-11-03 · 4.79%$1,831/mo
- 10 years ago2016-11-02 · 4.64%$1,804/mo
At 6.19% — five years ago — the same mortgage would have cost $331 more each month than at today's posted rate.
Principal & interest only: $319,920 (80% of the $399,900 asking price — 20% down), 25-year amortization. No taxes, insurance, fees, or mortgage insurance. Today's rate is the Bank of Canada conventional 5-year rate observed 2026-11-04. The 5- and 10-year rows are two documented observations of that same series (2021-11-03 = 4.79%, 2016-11-02 = 4.64%, retrieved 2026-11-01 from bankofcanada.ca/valet) — fixed reference points, not a modelled path between them. Estimate — not an offer of credit; your lender's rate will differ.
Price ghosts
$/sqft vs 131 active
Priced at the 3rd percentile of active Paradise homes
$139/sqft — city median $226/sqft.
Errand score
walk-time weighted
13
grocery 1.1 km, school 990 m
Nearest errand: Holy Family Elementary School (school) — 990 m, about 12 min on foot.
Walk-time-weighted from OpenStreetMap + ODEF school data; straight-line distance at 4.8 km/h. Weights: grocery 1.0, school 0.9, health 0.8, park 0.4, café 0.35, bus 0.3 — nearest place per category only. Half-value every 6 minutes of walking; nothing scores past a 15-minute walk. 100 = every category at the door. This is a mapping of what's drawn on the map, not a survey of what exists.
Ask this listing
open data · 4 questions
- School within 1 km?Yes · 990 mHoly Family Elementary School
- Grocery nearby?Yes · 1.1 kmMaries Mini Mart
- Bus stop?No bus stop mapped within 800 m
- In the 100-year floodplain?No — outside itCity of St. John's flood map
From OpenStreetMap + ODEF schools (straight-line distance) and the City of St. John's flood & zoning maps. Flood and zoning are mapped for St. John's only; elsewhere those questions don't appear because we don't know the answer.
Monthly carrying cost
$1,801/mo
Plan ahead
Calculators
Estimate payments and returns before you make an offer — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$192/mo
Principal & interest $0 + property tax $192 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-499
NOI / month
$-499
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $192 | $2,294 |
| Expenses | $308 | $3,696 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-499 | $-5,988 |
| NOI | $-499 | $-5,988 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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